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Real estate in Minneapolis’ Diamond Lake neighborhood.

Compare top Diamond Lake real estate agents.

Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for October 2026.*


* Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.

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Diamond Lake real estate Market Report.

Information and statistics on the latest trends in the Diamond Lake real estate market. *

Latest Rolling 3-Month Snapshot

Jun 1, 2026 - Aug 31, 2026

Median sale price
$502K
+5.7% from Q2 '26
Median list price
$470K
-2.1% from Q2 '26
Active listings
42
-6.7% from Q2 '26
Homes sold
35
+21% from Q2 '26
New pendings
28
-9.7% from Q2 '26
New listings
34
-13% from Q2 '26

Quarterly Pricing Trends for Diamond Lake

Rolling three-month data ending on quarter boundaries when available.

Quarterly Pricing Trends for Diamond Lake Q3 '21 Q3 '22 Q3 '23 Q3 '24 Q3 '25 Q2 '26 Median sale price in Jul 2021 - Sep 2021: $400K Median sale price in Oct 2021 - Dec 2021: $365K Median sale price in Jan 2022 - Mar 2022: $413K Median sale price in Apr 2022 - Jun 2022: $407K Median sale price in Jul 2022 - Sep 2022: $430K Median sale price in Oct 2022 - Dec 2022: $410K Median sale price in Jan 2023 - Mar 2023: $385K Median sale price in Apr 2023 - Jun 2023: $395K Median sale price in Jul 2023 - Sep 2023: $376K Median sale price in Oct 2023 - Dec 2023: $353K Median sale price in Jan 2024 - Mar 2024: $430K Median sale price in Apr 2024 - Jun 2024: $443K Median sale price in Jul 2024 - Sep 2024: $425K Median sale price in Oct 2024 - Dec 2024: $487K Median sale price in Jan 2025 - Mar 2025: $393K Median sale price in Apr 2025 - Jun 2025: $498K Median sale price in Jul 2025 - Sep 2025: $485K Median sale price in Oct 2025 - Dec 2025: $440K Median sale price in Jan 2026 - Mar 2026: $435K Median sale price in Apr 2026 - Jun 2026: $475K Median list price in Jul 2021 - Sep 2021: $385K Median list price in Oct 2021 - Dec 2021: $387K Median list price in Jan 2022 - Mar 2022: $400K Median list price in Apr 2022 - Jun 2022: $412K Median list price in Jul 2022 - Sep 2022: $400K Median list price in Oct 2022 - Dec 2022: $400K Median list price in Jan 2023 - Mar 2023: $380K Median list price in Apr 2023 - Jun 2023: $375K Median list price in Jul 2023 - Sep 2023: $385K Median list price in Oct 2023 - Dec 2023: $350K Median list price in Jan 2024 - Mar 2024: $450K Median list price in Apr 2024 - Jun 2024: $499K Median list price in Jul 2024 - Sep 2024: $462K Median list price in Oct 2024 - Dec 2024: $387K Median list price in Jan 2025 - Mar 2025: $422K Median list price in Apr 2025 - Jun 2025: $495K Median list price in Jul 2025 - Sep 2025: $475K Median list price in Oct 2025 - Dec 2025: $465K Median list price in Jan 2026 - Mar 2026: $485K Median list price in Apr 2026 - Jun 2026: $480K Jul 2021 - Sep 2021 Median sale price $400K Median list price $385K Oct 2021 - Dec 2021 Median sale price $365K Median list price $387K Jan 2022 - Mar 2022 Median sale price $413K Median list price $400K Apr 2022 - Jun 2022 Median sale price $407K Median list price $412K Jul 2022 - Sep 2022 Median sale price $430K Median list price $400K Oct 2022 - Dec 2022 Median sale price $410K Median list price $400K Jan 2023 - Mar 2023 Median sale price $385K Median list price $380K Apr 2023 - Jun 2023 Median sale price $395K Median list price $375K Jul 2023 - Sep 2023 Median sale price $376K Median list price $385K Oct 2023 - Dec 2023 Median sale price $353K Median list price $350K Jan 2024 - Mar 2024 Median sale price $430K Median list price $450K Apr 2024 - Jun 2024 Median sale price $443K Median list price $499K Jul 2024 - Sep 2024 Median sale price $425K Median list price $462K Oct 2024 - Dec 2024 Median sale price $487K Median list price $387K Jan 2025 - Mar 2025 Median sale price $393K Median list price $422K Apr 2025 - Jun 2025 Median sale price $498K Median list price $495K Jul 2025 - Sep 2025 Median sale price $485K Median list price $475K Oct 2025 - Dec 2025 Median sale price $440K Median list price $465K Jan 2026 - Mar 2026 Median sale price $435K Median list price $485K Apr 2026 - Jun 2026 Median sale price $475K Median list price $480K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
15
Seller’s Market
Seller’s Market
Buyer’s Market
0
25
50
75
100

Market gauge is calculated using active listings and pending sales from the most recently available reporting period (Jun 2026 - Aug 2026).

Diamond Lake currently leans toward sellers, with a strong seller's market reading on the market gauge. Inventory is tight at under one month of supply, far below a balanced level. Homes are also selling for slightly above asking on average, reinforcing sellers’ leverage.

Over the latest rolling three-month period ending in August 2026, prices in Diamond Lake have softened a bit even as activity picked up. The typical home value is down slightly year over year, while the share of homes selling above list price has fallen compared with last year. Yet homes sold are up more than 40 percent from a year ago, and new listings have also increased by over a third, pointing to more movement overall.

Buyers face quick decisions here, with a median of just 17 days on market and more than 70 percent of homes going off the market within two weeks, much faster than the broader Minneapolis area, which has 2.4 months of supply. Active listings in Diamond Lake are still limited even after a year-over-year increase, and the average sale-to-list ratio above 101 percent shows that well-priced homes attract strong offers. With local dynamics differing from the wider Minneapolis market, having the right guidance is crucial, and Agent Pronto can connect both buyers and sellers with an agent who understands how to navigate Diamond Lake’s conditions.



Learn more about what Diamond Lake has to offer.

Diamond Lake offers residents a vibrant, close-knit community with easy access to parks, lake activities, and convenient urban amenities.

Diamond Lake in Minneapolis feels distinctly residential compared with busier nearby neighborhoods like Lynnhurst and Powderhorn. Centered on its namesake lake and tree lined streets, it offers a quieter setting while keeping downtown and Richfield just a short drive away.

The neighborhood’s identity is rooted in long term residents, well kept mid century homes, and active local institutions. Families value its access to Diamond Lake Park, with shoreline paths, birdwatching, and winter skating. Nearby Pearl Park adds ballfields, a playground, and a recreation center that anchors youth sports and community events.

Daily life is convenient, with shops and casual dining along Nokomis East and easy connections via Metro Transit to downtown and the airport. Families can explore options like Windom Community School and other Minneapolis Public Schools that serve the area. The nearby Lake Nokomis and Minnehaha Parkway trails broaden your outdoor choices within minutes.

For buyers, Diamond Lake’s mix of classic ramblers and larger lots means preparation and quick decision making are essential when a well priced home appears. For longtime owners, understanding current demand and how your property compares within the broader Hennepin County market can shape a smart listing strategy. Agent Pronto connects both buyers and sellers with a local real estate professional who knows how to time the market and navigate this distinctive neighborhood.

Find your Diamond Lake real estate agent today →


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See why so many people rely on Agent Pronto to make their real estate journey a success.

“Ryan provided such a wonderful real estate experience for us which all started at the early stages of planning prior to listing our White Bear Lake, MN home. During the early planning stages Ryan provided recommendations and offered guidance to market our home in this unique real estate market. After a few months of planning we listed our home with Ryan and it SOLD in just a couple days. During this time we still had not found our next home to purchase. Within a short period of time and with Ryan's large network we were notified of a new listing coming up. In a matter of a couple days we had signed and had a closing date on our NEW home that we plan to raise our family in. Ryan's truly responsible for making our experience so positive and stress free. Since closing we have recommended Ryan to friends and family. If you are looking for a top-notch real estate professional I would recommended looking no further and start your own experience with him.”

Barbara Ladd · White Bear Lake, MN

Photo of Ryan Mann
Coldwell Banker Realty
“Stevie was so incredibly patient and helpful in our home search and beyond. Couldn't recommend her enough.”

Abigail · South Saint Paul, MN

Photo of Stephanie Wimber
RE/MAX Advantage Plus
“I purchased my first home with the help of Heather Warner. From a quick google search of realators specializing in first time homebuyers I found the Barker Hedges team which led me to Heather. Leaning heavily on her experience I had unwavering faith in her to provide valuable consultation in all aspects of the house buying process. Strongly reccomend Heather to any homebuyers. She simplified the process for me tremedously and will was extremely honest in the house touring process. She will be a strong voice for you communicating at a very high level.”

Nate · Blaine, MN

Photo of Heather Warner
RE/MAX REMAX Results
“The team was efficient, thoughtful, disciplined and committed. The access to immediate contractor support was also helpful.”

Peter & Wendy Gay · Eagan, MN

Photo of Deanna Brumbaugh
RE/MAX Advantage Plus
“I had an exceptional experience working with my real estate agent in selling my house in Plymouth, Minnesota. He provided invaluable advice on repairs, staging, and pricing, ensuring that every aspect of the sale was optimized. He even took the time to show me comparable properties, helping me determine the best listing price. Thanks to his expertise and dedication, I’m taking the time to leave reviews on multiple websites. I couldn’t have asked for a better realtor.”

Josh · Plymouth, MN

Photo of Minnesota Property Group
RE/MAX Results
“Amy was very helpful and knowledgeable. Everything went well.”

Barbara S. · Minneapolis, MN

Photo of Amy Westerlund
Keller Williams Premier Realty
“My family enjoyed working with Polina! She was friendly and always kept things real! She was more then just an agent!! Polina, was always easy to communicate with and promptly answered any questions or concerns!”

Heather · Inver Grove Heights, MN

Photo of The Kilpela Group
National Realty Guild
“This service was fast and easy to use. I ended up using the first realtor that came up, and she turned out to be just fabulous.”

Gregg D. · West Saint Paul, MN

Photo of Misty May & Team
Coldwell Banker Realty
“Working with Chad was a joy. He was very open to what my selling process would be like. I would definitely use Chad again for any home buying/selling needs.”

Fred L. · Hastings, MN

Photo of Chad Baker
RE/MAX Advantage Plus
“Collin really took the time to make sure we understood everything about the process of buying our home. He was patient with us and never pressured us into settling.”

Jade Erickson · St. Paul, MN

Photo of Collin Vold
EXP Realty MN

Frequently Asked Questions

There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Diamond Lake. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.


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